GST News

Migration of traders to GST sluggish

Despite Puducherry being the first State in the country to launch the Goods and Service Tax Network (GSTN) portal, the migration of traders and merchants registered under various State and Central tax regimes to the GST remains slow.

The portal was launched on November 8 to facilitate the migration of traders registered under Value Added Tax (VAT), Service Tax and Central Excise to GST.

According to K. Sridhar, Deputy Commissioner of Commercial Taxes, as many as 15,000 traders in the Union Territory are currently registered with VAT and other tax regimes such as Central Excise. Of them, about 3,000 have enrolled themselves with the GST.

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